Search Results for: fintech

REST’s ‘mobile first’ industry-first online super advice platform launched

From Australian FinTech. REST Industry Super became the first Australian super fund to provide its 1.9 million members with ‘mobile first’ access to personalised financial advice with the launch of the REST Advice Online platform. REST Advice Online is delivered on Midwinter’s next generation Advice Operating System (AdviceOS) and provides REST members with the ability … Continue reading “REST’s ‘mobile first’ industry-first online super advice platform launched”

Economic Challenges Facing Europe and the World

Interesting take on the economic situation based on a recent panel discussion in Turin by the ECB – “Economic Challenges Facing Europe and the World – Policy priorities of the Italian G7 presidency and German G20 presidency in 2017.” Recent political developments reflect global challenges that go much deeper. Productivity growth has declined over time … Continue reading “Economic Challenges Facing Europe and the World”

SocietyOne hits $200m milestone

According to Australian Fintech, SocietyOne, Australia’s marketplace lender, has achieved another key milestone after breaking through the $200 million lending mark. The last three months of the 2016 calendar year have witnessed the strongest growth in the company’s four-year history with an additional $50 million of lending made between the first weeks of September and … Continue reading “SocietyOne hits $200m milestone”

Reckon Loans Has Funded Over $1million to SME’s

From Australian Fintech Australian cloud accounting software provider Reckon has announced its new Reckon Loans (powered by Prospa) platform has funded over $1million to small businesses, proving the online lending market is growing at an extraordinary pace. In partnership with Prospa, Australia’s leading online lender to small businesses, Reckon Loans provides SME’s a fast and … Continue reading “Reckon Loans Has Funded Over $1million to SME’s”

NAB to launch API Developer Portal

National Australia Bank (NAB) says it will become the first major Australian bank to launch an Application Programming Interface (API) Developer Portal as part of its commitment to improving customer experiences through collaboration. The portal, which will go live before Christmas, will make selected NAB APIs publicly available to allow third party developers to connect … Continue reading “NAB to launch API Developer Portal”

Citi’s Mobile First Strategy

Good piece in the McKinsey Quarterly where the bank’s Head of Operations and Technology, Don Callahan, describes the bank’s efforts to accelerate its digital transition. Watch the video. We know we have to be mobile first, and we are doing a lot there. In order to be all-in on mobile, we have set up a … Continue reading “Citi’s Mobile First Strategy”

Challenges for (European) banks

Dr Andreas Dombret Member of the Executive Board of the Deutsche Bundesbank spoke on “Banks Navigating Uncharted Waters.” Non performing loans double what they were in 2009, Brexit, Basel, digital disruption and low interest rates are all creating uncertainty. Let me start with the pending divorce of the UK and the EU. I have mentioned … Continue reading “Challenges for (European) banks”

ANZ has little time for robo-advice

From Financial Standard. ANZ chief executive Shayne Elliott said the bank won’t be embracing robo-advice any time soon. And opportunities are less in Australia for fintechs. Speaking at a Reuters Newsmaker event in Sydney yesterday, Elliott told attendees that ANZ’s focus moving forward is on becoming the best bank in the world and increasing its … Continue reading “ANZ has little time for robo-advice”

SME Digital Disruption Continues Apace

The latest edition of the Digital Finance Disruption Index, a joint initiative by Digital Finance Analytics and Moula – a fast and friendly way to give small businesses access to capital – is released today. The Disruption Index tracks change in the small business lending sector, and more generally, across financial services. Financial Services are … Continue reading “SME Digital Disruption Continues Apace”

SME’s Are More Connected Than Ever

We continue our series on the results from our latest SME surveys. Today we look at the digital trends of SME’s. On average, around 13% of firms are digital luddites – meaning they hardly use digital at all, but the rest are digitally aligned. This means they prefer using a mobile device, are likely to … Continue reading “SME’s Are More Connected Than Ever”